EUR/CHF – Simple Technical Analysis
The EUR/CHF pair is currently showing a neutral sentiment, with price moving sideways in a consolidation range. Recent intraday action suggests a corrective pullback toward support at 0.9317, which is a key level from a previous range.
If the pair bounces from 0.9317, it could push higher toward 0.9475, and potentially extend gains to 0.9586 and 0.9743 over the longer term.
However, if 0.9317 breaks down and the pair closes below it, the bullish scenario would be invalidated. This could trigger further downside toward 0.9200, and possibly 0.9050.
Conclusion
Above 0.9317 = Neutral-to-bullish bias; watch for upside toward 0.9475+
Below 0.9317 (daily close) = Turns bearish; opens downside toward 0.9200 and 0.9050
Current sentiment: Range-bound / wait for breakout confirmation
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
The EUR/CHF pair is currently showing a neutral sentiment, with price moving sideways in a consolidation range. Recent intraday action suggests a corrective pullback toward support at 0.9317, which is a key level from a previous range.
If the pair bounces from 0.9317, it could push higher toward 0.9475, and potentially extend gains to 0.9586 and 0.9743 over the longer term.
However, if 0.9317 breaks down and the pair closes below it, the bullish scenario would be invalidated. This could trigger further downside toward 0.9200, and possibly 0.9050.
Conclusion
Above 0.9317 = Neutral-to-bullish bias; watch for upside toward 0.9475+
Below 0.9317 (daily close) = Turns bearish; opens downside toward 0.9200 and 0.9050
Current sentiment: Range-bound / wait for breakout confirmation
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.